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Barchart
Barchart
Rich Asplund

Coffee Prices Fall on Consumer Spending Concerns

Ice Brazil United States Conab USDA Vietnam the USDA FAS Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) is down -10.90 (-2.83%), and March ICE robusta coffee (RMH25) is down -170 (-3.06%).

Coffee prices today are sharply lower on concern about consumer spending after today's sharp -7.0 point drop in the Feb US consumer confidence index to an 8-month low of 98.3.  Also, arabica coffee prices today fell to a new 3-week low and saw continued long liquidation pressure after the rally seen from late-January through early-February.  

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